August 28, 2018 Read More →

Equinor considers offshore wind to power oil rigs

Reuters:

Norway’s Equinor said on Tuesday it is considering whether to build a pioneering offshore wind farm with floating turbines to supply electricity to two North Sea oilfields as part of a strategy to curb greenhouse gas emissions.

The project at the Gullfaks and Snorre oilfields would cost around 5 billion Norwegian crowns ($592 million) and could reduce Norway’s emissions of carbon dioxide by more than 200,000 tonnes per year, Equinor said.

“This could be the first time an offshore wind farm is directly connected to oil and gas platforms,” state-controlled Equinor said in a statement. The two fields currently are powered by generators running on natural gas at the platforms.

Formerly known as Statoil, Equinor earlier this year changed its name to underscore a push into renewable energy under Chief Executive Eldar Saetre, although oil and gas will remain the company’s dominant business.

The company’s first floating offshore wind farm began operating off Scotland last year, supplying electricity to the onshore market. Equinor has also announced plans for bottom-fixed offshore wind projects in the United States, Poland and Britain.

A final investment decision on the plan for Snorre and Gullfaks, known as the Hywind Tampen floating wind farm, will be made in 2019, Equinor said. The company will seek to reduce the cost from the preliminary estimate.

More: Equinor explores floating wind turbines to power North Sea oilfields

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